, Columnist
Walmart Makes Right Move With Flipkart Despite Investor Qualms
The deal is the best way to crack India’s notoriously difficult market.
Flip the Amazon script.
Photographer: Dhiraj Singh/Bloomberg
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Walmart Inc.’s agreement to take a controlling stake in Flipkart, a leading online shopping site in India, is two things: An appropriately ambitious bet on e-commerce and a serious test of investor patience.
The retailer said Wednesday that it had agreed to pay $16 billion for a 77 percent stake in Flipkart. It is Walmart’s biggest deal ever, easily surpassing the $10.8 billion it paid for Asda nearly two decades ago. 586